Amity Shlaes and Jonathan Alter debate the Great Depression (3 of 9)

[Nth2AK]

Thomas E. Woods, Jr. of the Mises Institute spoke of the lesser heard of depression that occurred in 1920-1921 and how the government's action, or lack thereof, affected things -- It was titled "Why You've Never Heard of the Great Depression of 1920" and can be found on youtube.

[motto775]

He fails to draw his conclusions from the early 20's recession. that was cured from tax cuts and government cutting spending.

[spinner883]

@motto775 nope. economy was on a upswing before coolidge even took office and put the tax cuts into place.

[Nth2AK]

@spinner883 With regards to the depression of 1920-1921, tax rates were cut starting in 1921 under President Warren G. Harding. Tax rates would be continued to be cut throughout the 1920's though, which probably had a lot to do with Secretary of the Treasury Andrew Mellon who served in that position for just under 11 years in the administrations of Warren G. Harding, Calvin Coolidge and Herbert Hoover (March 1921 to February 1932).